Oil rises as US sanctions, stockpile forecasts raise supply worries - Markets
LONDON: Oil prices leapt $3 on Friday after the U.S. tightened its sanctions programme against Russian crude...
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LONDON: Oil prices leapt $3 on Friday after the U.S. tightened its sanctions programme against Russian crude...
Oil Updates: Brent futures rose USD 1.96, or 2.28%, to USD 87.96 per barrel as of 0819 GMT. US West Texas Intermediate (WTI) crude gained USD 1.98, or 2.39%, to USD 84.89 a barrel. Both benchmarks had earlier hit gains of USD 2.
Oil prices also shrugged off data released on Friday showing a month-on-month decline in Chinese crude imports.
Brent futures rose $3.30 to $89.30 per barrel as of 1311 GMT. US West Texas Intermediate (WTI) crude gained $3.32 to $86.23 a barrel, after earlier breaking the $4 barrier.
NEW YORK: Oil prices leapt more than $3 on Friday, with Brent on track for its highest weekly gain since April,...